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Feb 2, 2013
02/13
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the economy has absorbed those that already here, but our economy will continue to grow, maybe not as much as we like under the current president. we will grow again and have a need for more workers. we need a legal way for them to come. >> we need skilled workers, scientists and engineers because we are not graduating enough americans but low skilled work is foreindustries like farm labor, hospitality, construction and lots of other things? >> let's emphasize this point. we're not talking about a marginal matter in the economy. these workers are integral to the economy in states like georgia, and iowa. meat packing in alabama, chickens, texas, construction. all those industries employ a lot of these low skilled immigrants. some of them are illegal and some of they will legal but integral part of restaurants. restaurant industry in new york would collapse over night if they weren't there. the issue is whether americans will take those jobs is unclear. the evidence is they won't. those industries can't remove these immigrants and replace them with american workers. >> paul: i think it'
the economy has absorbed those that already here, but our economy will continue to grow, maybe not as much as we like under the current president. we will grow again and have a need for more workers. we need a legal way for them to come. >> we need skilled workers, scientists and engineers because we are not graduating enough americans but low skilled work is foreindustries like farm labor, hospitality, construction and lots of other things? >> let's emphasize this point. we're not...
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steven, what about that, overall do you think it grows the economy? you look at it from pure economic perspective if you have a larger labor force and consumer base that is larger economy? >> no question the presence of illegals makes the economy bigger and lowers the gdp when you count them in makes overall average much less because illegals are overwhelmingly unskilled. we think a majority haven't graduated high school. melissa: how does that change if you legalize them? >> that probably doesn't change the big concern what most research shows if you legalize them, they don't pay that much in taxes because it reflects their educational attainment, low income people with not a lot of education don't pay that much in taxes but tend to use a fair amount of services even when they're paid on the books. so my research, heritage a others shows there is significant fiscal cost to legalizing them though the illegal immigrants could do better, that might be justification. if you're worried about a deficit it is definitely a bad deal for taxpayers. melissa: do
steven, what about that, overall do you think it grows the economy? you look at it from pure economic perspective if you have a larger labor force and consumer base that is larger economy? >> no question the presence of illegals makes the economy bigger and lowers the gdp when you count them in makes overall average much less because illegals are overwhelmingly unskilled. we think a majority haven't graduated high school. melissa: how does that change if you legalize them? >> that...
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Feb 2, 2013
02/13
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looked the other way for fear that prosecuting the banks would do even more damage to the american economy. >> it was a definite sense that justice backed off. >> did the government fail? >> a number of people told us that you didn't make this a top priority. >> well, i'm sorry that they think that because i made it an incredibly top priority. >> that's lanny breuer, the assistant attorney general in charge of the criminal division at the justice department. a week after the frontline report, he stepped down and is now expected to return to private corporate practice, one more government appointee spinning through the lucrative revolving door between washington and wall street. that door could be a big reason why government treats the banks with kid gloves. a man who once worked for citigroup, jack lew, the president's chief of staff, has been picked to be the new treasury secretary. and mary jo white, the newly named head of the securities and exchange commission, is a chief litigator at a top law firm representing big investment banks like morgan stanley. with all this happening, it's ti
looked the other way for fear that prosecuting the banks would do even more damage to the american economy. >> it was a definite sense that justice backed off. >> did the government fail? >> a number of people told us that you didn't make this a top priority. >> well, i'm sorry that they think that because i made it an incredibly top priority. >> that's lanny breuer, the assistant attorney general in charge of the criminal division at the justice department. a week...
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Jan 31, 2013
01/13
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. >> if that helps our economy, we would have the best economy in history. there were no spending cuts in the fourth quarter. we have not executed as a cluster yet. companies did begin to pull back. dagen: one that they are looking for is more infrastructure spending. we have heard that over and over again. why won't the white house get that? >> dagen, it is a different philosophy. the president and his party believe that the government is the central player in our economy. we talk about cutting spending, they think that hurts the economy. that divides everything we know about our countries history and economics. the more money you leave in the private sector, the more money grows and jobs are created. this is the first president in my lifetime that has continued to go the government spending route despite -- this is the slowest economy and history as far as being a recovery. i cannot believe that the president does not understand what is going on. he seems intent on bringing our country down so that he could reorganize. dagen: senator, it was good to see yo
. >> if that helps our economy, we would have the best economy in history. there were no spending cuts in the fourth quarter. we have not executed as a cluster yet. companies did begin to pull back. dagen: one that they are looking for is more infrastructure spending. we have heard that over and over again. why won't the white house get that? >> dagen, it is a different philosophy. the president and his party believe that the government is the central player in our economy. we talk...
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of economic activity around the world, freeport, the largest producer in the world, and i think the economies around the world are gradually recovering, improving, and i think the trend continues, and copper is a great way to play it, and the stock is cheap and works its way higher. david: by the way, that biewsm -- beautiful background harvey has, that's san diego. i thought i recognized it. san diego; right? >> yes, and, liz, i don't have a superman suit here, but my surfing wet suit. liz: i know you, hair -- harvey, hang ten. >> thank you, guys. liz: who knew he was a surfer; right? david: well, timothy geithner's time as treasury secretary is history, and jack lew is taking over the job, but there's troublesome questions about jack lew's time in the private sector, particularly in the citi group operation that lost hundreds of millions of dollars while he was there. james freeman of the "wall street journal" has answers about jack lew's past that may surprise you. liz: up next, find out what lawmakers are doing to force the president to submit a balanced budget, something the president ha
of economic activity around the world, freeport, the largest producer in the world, and i think the economies around the world are gradually recovering, improving, and i think the trend continues, and copper is a great way to play it, and the stock is cheap and works its way higher. david: by the way, that biewsm -- beautiful background harvey has, that's san diego. i thought i recognized it. san diego; right? >> yes, and, liz, i don't have a superman suit here, but my surfing wet suit....
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Feb 5, 2013
02/13
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we are in a stagnant economy in america. we need to grow the economy the best way we can, to do that with inexpensive fossil fuel, oil, gasoline, allow people to get their products and goods and services to markets. >> shannon: all right. we've got to turn now to the white house where we understand we are just about to hear from the president of the united states. >> the decisions that we face on our budget and on our deficit. these are decisions that will have real and lasting impacts on the strength and pace of our recovery. economists and business leaders from across the spectrum have said that our economy is poised for progress in 2013. we've seen signs of this progress over the last several weeks. home prices continue to climb, car sales that are a -- are at a five-year high, manufacturing has been strong, and we've created more than six million jobs in the last 35 months. but we've also seen the effects that political dysfunction can have on our economic progress, the drawn-out process for resolving the fiscal cliff hu
we are in a stagnant economy in america. we need to grow the economy the best way we can, to do that with inexpensive fossil fuel, oil, gasoline, allow people to get their products and goods and services to markets. >> shannon: all right. we've got to turn now to the white house where we understand we are just about to hear from the president of the united states. >> the decisions that we face on our budget and on our deficit. these are decisions that will have real and lasting...
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Jan 31, 2013
01/13
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economy shrank in the first months. officials at the u.s. commerce department released on wednesday the preliminary gross domestic product data for the october to december period. they said the economy contracted by an annualized pace of minus 0.1% from the previous quarter. the first negative figure since the second quarter of 2009. that's when the company was suffering from the financial crisis in 2008. the report says u.s. exports dropped 5.7%. government expenditure also fell by 6.6% and defense related spending plunged by 22%. on the brighter side personal spending was up over 2% from the previous quarter. this was led by strong auto sales. personal consumption accounts for 12% of u.s. gdp. company spending was also up over 8%. that's a turn around from the previous quarter. we have the latest indicator on japanese activity. factory output last month turned up after showing negative growth in november. industrial output rose 2.5% from the previous month. production of transport equipment like cars contributed to the rise. officials fore
economy shrank in the first months. officials at the u.s. commerce department released on wednesday the preliminary gross domestic product data for the october to december period. they said the economy contracted by an annualized pace of minus 0.1% from the previous quarter. the first negative figure since the second quarter of 2009. that's when the company was suffering from the financial crisis in 2008. the report says u.s. exports dropped 5.7%. government expenditure also fell by 6.6% and...
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Feb 6, 2013
02/13
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CSPAN2
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when the economy has healed and things are different. it doesn't have to be all or not immediately to the can be done over time. let's get rid of them immediately without wasting time making the country suffered where it can be resolved right now. islamic we're looking at it from the perspective of rall and i think that i appreciate you coming here and testifying from a different point of view. let's not try ourselves into the definitional reasons of comprehensive or other things to exclude or include and in the end we would say we didn't get it because it didn't fit my definition. i thank the gentleman for his questions and all the members of the committee for the questions to this first panel and the members of the panel you have endured more than three hours of questions and it's been very enlightening discussion so thank you for making the trip to washington. we will excuse you now and turn to the second panel. >> the prime ministers of italy, ireland, denmark and the netherlands discussed the future and moved to solve the current fi
when the economy has healed and things are different. it doesn't have to be all or not immediately to the can be done over time. let's get rid of them immediately without wasting time making the country suffered where it can be resolved right now. islamic we're looking at it from the perspective of rall and i think that i appreciate you coming here and testifying from a different point of view. let's not try ourselves into the definitional reasons of comprehensive or other things to exclude or...
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Jan 31, 2013
01/13
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economy. it's about .2% compared to germany and france are double that, and the really generous gives are above .7. they're over three times, that people like swooden and norway. you could say your defense budget and aid budget, add those together, that's your international engagement. because we have by far the world's biggest defense budget and we have the biggest international engagement budget. the europeans choose to balance their international engagement into vaccines and aids drugs and things like that. so they're less about-- they're more about getting people lifted up so they can be self-sufficient. >> rose: you get a lecture last week, yesterday-- >> yes, yes. >> endowed by some journalists at the bbc, and what's interesting about it to me is you sailed three things. three convictions. the first was-- your work had given you three convictions. one-- i want you to elaborate on this-- when had gone improves life improves because disease and bad help insinuates itself into every aspect
economy. it's about .2% compared to germany and france are double that, and the really generous gives are above .7. they're over three times, that people like swooden and norway. you could say your defense budget and aid budget, add those together, that's your international engagement. because we have by far the world's biggest defense budget and we have the biggest international engagement budget. the europeans choose to balance their international engagement into vaccines and aids drugs and...
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but the problem is those economies are complete not to amass in the first place ten percent of the economy doesn't ultimately change. the fundamental structural problem which is the french economy it's slow rhotic it's disorganized the government is the major economic actor nearly fifty seven percent of the economy is the french government that's where the problem lies don't blame a puny little rise in the currency it's got nothing to do with the fundamental problem of feckless western european governments who can't manage their own affairs but messy and there does seem to be a trend i mean everybody is doing the best in the bank japan the bank of england even the fed reserve is now actively must sashing the currency rate or do you think ultimately who is going to be there with the winner and what's going to determine who actually wins in the currency wars. you know the problem with currency wars is that everybody ends up a looser a great deal of money is invested by the central banks which they simply end up losing they try to competitively devalue again and steep so there are. ultimately
but the problem is those economies are complete not to amass in the first place ten percent of the economy doesn't ultimately change. the fundamental structural problem which is the french economy it's slow rhotic it's disorganized the government is the major economic actor nearly fifty seven percent of the economy is the french government that's where the problem lies don't blame a puny little rise in the currency it's got nothing to do with the fundamental problem of feckless western european...
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Feb 5, 2013
02/13
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they're increasing sides that europe's economy is getting better. got some good earnings reports from some of the big companies. no matter what they want you do believe -- for today, at least -- the economy is looking up. i'm shepard smith. see you back here tonight on fox report. you'll be all right. [screaming] >> well, like the sequel to a 1950s horror film, only is this fly going to stick? welcome. i'm stewart in for neil cavuto. remember this, that fiscal cliff deal, huge amount in tax hikes. not much in the way of spending cuts. are we about to see the sequel? the president is calling on congress to pass another quick fix to avert those automatic spending cuts he originally signed off on, kicking in march 1 income, and this includes new tax revenues. the former south carolina senator jim demint says we have seen how the movie ins and it's not go. okay, jim, spell it out. more tacks and not so many spending cuts. what's the result? >> you have to scratch your head. the federal government will receive historically high tax revenues this year, ye
they're increasing sides that europe's economy is getting better. got some good earnings reports from some of the big companies. no matter what they want you do believe -- for today, at least -- the economy is looking up. i'm shepard smith. see you back here tonight on fox report. you'll be all right. [screaming] >> well, like the sequel to a 1950s horror film, only is this fly going to stick? welcome. i'm stewart in for neil cavuto. remember this, that fiscal cliff deal, huge amount in...
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Feb 5, 2013
02/13
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what we need are people prepared for the careers of our new economy. by 2025 we could have 20 million jobs without enough college graduates to fill them. that's why at devry university, we're teaming up with companies like cisco to help make sure everyone's is ready with the know how we need for a new tomorrow. [ male announcer ] make sure america's ready. make sure you're ready. at devry.edu. ♪ >>> smoke it? then tax it. today, democrat lawmakers rolling out new legislation to regulate and tax marijuana in states where it is legal. congressman early bloomen is behind that push. welcome to the program. >> thank you. >> is a understand the proposal it would basically add a federal tax of roughly $50 per ounce and you believe that would bring in a total of $20 billion extra revenue per year. that sounds like -- must be an awfully big pot market in america. is it that big? >> well, estimates vary but the fact i that it is billions of dollars we spend to arrest two-thirds of a million people a year for something that half americans think should be legal,
what we need are people prepared for the careers of our new economy. by 2025 we could have 20 million jobs without enough college graduates to fill them. that's why at devry university, we're teaming up with companies like cisco to help make sure everyone's is ready with the know how we need for a new tomorrow. [ male announcer ] make sure america's ready. make sure you're ready. at devry.edu. ♪ >>> smoke it? then tax it. today, democrat lawmakers rolling out new legislation to...
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Jan 31, 2013
01/13
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aid budget is not nearly as big as a partiage of our economy. it's about .2% compared to germany and france are double that, and the really generous gives are above .7. they're over three times that people like swooden and norway. you could say your defense budget and aid budget, add those together, that's your international engagement. because we have by far the world's biggest defense budget and we have the biggest international engagement budget. the europeans choose to balance their international engagement into vaccines and aids drugs and things like that. so they're less about-- they're more about getting people lifted up so they can be self-sufficient. >> rose: you get a lecture last week yesterday-- >> yes, yes. >> endowed by some journalists at the bbc, and what's interesting about it to me is you sailed three things. three convictions. the first was-- your work had given you three convictions. one-- i want you to elaborate on this-- when had gone improves life improves because disease and bad help insinuates itself into every aspect of
aid budget is not nearly as big as a partiage of our economy. it's about .2% compared to germany and france are double that, and the really generous gives are above .7. they're over three times that people like swooden and norway. you could say your defense budget and aid budget, add those together, that's your international engagement. because we have by far the world's biggest defense budget and we have the biggest international engagement budget. the europeans choose to balance their...
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find out what's really happening to the global economy because reports.
find out what's really happening to the global economy because reports.
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but the problem is those economies are complete not to amass in the first place ten percent of the economy doesn't ultimately change. the fundamental structural problem which is the french economy it's slow erotic it's disorganized the government is the major economic actor nearly fifty seven percent of the economy is the french government that's where the problem lies don't blame a puny little rice on the currency it's got nothing to do with the fundamental problem of feckless western european governments who can't manage their own affairs but messy and there does seem to be a trend i mean everybody is doing the best the bank japan the bank of england even the fed reserve is now actively must sashing the currency rate or do you think ultimately who is going to be there with the winner and what's going to determine who actually wins in the currency wars you know the problem with currency wars is that everybody ends up a looser a great deal of money is invested by the central banks which they simply end up losing they try to competitively devalue again and steep further. ultimately they ind
but the problem is those economies are complete not to amass in the first place ten percent of the economy doesn't ultimately change. the fundamental structural problem which is the french economy it's slow erotic it's disorganized the government is the major economic actor nearly fifty seven percent of the economy is the french government that's where the problem lies don't blame a puny little rice on the currency it's got nothing to do with the fundamental problem of feckless western european...
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what we need are people prepared for the careers of our new economy. by 2025 we could have 20 million jobs without enough college graduates to fill them. that's why at devry university, we're teaming up with companies like cisco to help make sure everyone's is ready with the know how we need for a new tomorrow. [ male announcer ] make sure america's ready. make sure you're ready. at devry.edu. ♪ >>> welcome back to "the situation room." i'm wolf blitzer in washington. president obama brought his push for new gun control in minneapolis today, calling for a comprehensive package of steps against gun violence. there's growing doubt one of the steps he's seeking can actually be taken. a ban on assault-type weapons. it faces an uphill battle in congress which gun control advocates and even the president himself seemed to acknowledge. our white house correspondent brianna keilar is joining us with more. what's the latest that you're hearing on this sensitive front? >> wolf, publicly, as you heard, president obama is still pushing for this assault weapons b
what we need are people prepared for the careers of our new economy. by 2025 we could have 20 million jobs without enough college graduates to fill them. that's why at devry university, we're teaming up with companies like cisco to help make sure everyone's is ready with the know how we need for a new tomorrow. [ male announcer ] make sure america's ready. make sure you're ready. at devry.edu. ♪ >>> welcome back to "the situation room." i'm wolf blitzer in washington....
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Jan 29, 2013
01/13
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KCSM
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invest in africa gain better access to emerging markets and natural resources but japan's sluggish economy forced its leaders to cut oda. they slashed it to less than half of what it was at its peak in the 1990s. however, they're determined to maintain a presence so they've come up with a new strategy. nhk world explains. >> reporter: senegal, western africa. for years, a japanese government agency called the japan international cooperation agency, has provided aid to the country. last year in this village, japan installed a system to purify water. the program helped. the system uses water. even though this is a project, a private company does the filtering free of charge. >> tasty. >> translator: now we don't get sick after drinking water. >> reporter: at the moment, the group is working on the aid project with private companies. until recently, the agency planned the projects. then it commissioned private companies to carry them out. but the japanese government pays the bill. under the new system, it's the company that does all the planning. jica pays up to $560,000 in research fees. the
invest in africa gain better access to emerging markets and natural resources but japan's sluggish economy forced its leaders to cut oda. they slashed it to less than half of what it was at its peak in the 1990s. however, they're determined to maintain a presence so they've come up with a new strategy. nhk world explains. >> reporter: senegal, western africa. for years, a japanese government agency called the japan international cooperation agency, has provided aid to the country. last...
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Feb 6, 2013
02/13
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CSPAN2
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it grows with the economy. whether we go up a few percentage points were down a few percentage points, it is not the dominant source of revenue that is growth. today, so much has been given away for the future, that even the revenue growth has ardent been spent. that is starting the broad history, eating away at the revenues that we get. that affects all of the tax policy that we see during this period. one thing that i don't want to spend too much time on it, 1981 was the last of the major giveaways of this area of finance. most people think the 1981 defines the administration. but that was when they officially did the same thing. they had more tax cuts within a spending increase. one more item on the giveaway side. after that, how would we deal with things, the budget reform in 1986, they decided that they are going to try something that is revenue neutral. we are not going to change the distribution, it's not about shifting income around. we are not going to change the size of government. what that does is v
it grows with the economy. whether we go up a few percentage points were down a few percentage points, it is not the dominant source of revenue that is growth. today, so much has been given away for the future, that even the revenue growth has ardent been spent. that is starting the broad history, eating away at the revenues that we get. that affects all of the tax policy that we see during this period. one thing that i don't want to spend too much time on it, 1981 was the last of the major...
WHUT (Howard University Television)
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Feb 4, 2013
02/13
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WHUT
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but if you want to compete in the local economy you may want to brush up in one of the biggest economies. the u.k.'s next generation may not be able to compete on the global stage because there's not enough schools teaching mandarin chinese. the british council found only 3% of primary and 9% of secondary schools say their schools offer mandarin and china becoming the world's second biggest economy in 2011. so why should we learn this language? some say you are guaranteed a job if you learn it. >> it's what the chinese call chinese rice bowl. if you learn mandarin, you're made for life. i can think of two or three lads i've interviewed in schools in london were literally the age of 17 fighting off u.k. customers. three or four or five fighting off job offers. 150,000 with french and 200 ,000-plus with mandarin. >> you probably can't see these from where you're sitting. tiny things. canadian pennies. say goodbye. tell you about this story. they are getting rid of them. there are 6 billion in circulation but today is the day they are gone. >> thank you. >> well, say with us here on "bbc wo
but if you want to compete in the local economy you may want to brush up in one of the biggest economies. the u.k.'s next generation may not be able to compete on the global stage because there's not enough schools teaching mandarin chinese. the british council found only 3% of primary and 9% of secondary schools say their schools offer mandarin and china becoming the world's second biggest economy in 2011. so why should we learn this language? some say you are guaranteed a job if you learn it....
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Jan 30, 2013
01/13
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the an author and new york times columnist paul krugman will talk about the economy and later,
the an author and new york times columnist paul krugman will talk about the economy and later,
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up with as many casino games as possible so they could earn their vast riches and it took down the economy there's just like no question the more they took down the economy so the performance here is very questionable as a matter of fact i would love to see across the board so that people left wall street and went to more productive industries. yeah you know i just pick a show that you hear. that. you have to pay these big bonuses you have to make the salary competitive and that because there needs to be an incentive for these executives with the inside scoop and you know they have this special knowledge and we want to keep these people in these positions what do you think about that justification baloney i think their wages it gets on the basis of supply and demand i'll bet you if you put up for if you if you put out for interviews those jobs that are now getting these big increases people be lining up around the block to try to get that there are all kinds of qualified people that could help financial institutions unwind their bad bets their people lined up below these people in their bu
up with as many casino games as possible so they could earn their vast riches and it took down the economy there's just like no question the more they took down the economy so the performance here is very questionable as a matter of fact i would love to see across the board so that people left wall street and went to more productive industries. yeah you know i just pick a show that you hear. that. you have to pay these big bonuses you have to make the salary competitive and that because there...
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Feb 1, 2013
02/13
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KRCB
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it change it's the global economy. it creates fantastic new opportunities. also vulnerabilities but on balances is a very positive development. it is as you have noted in the way you frame the question going to have profound implications for health care. the self-quantification movement, the use, the combination of the digital devices and the network on the one hand and the new genomic and proteomic medical advances on the her llomplely, completely revolutionize health care. it's beginning now. it's something called predecision medicine that i write about in the book. and actually in virtually every walk of life we're going to be seeing continued revolutionary changes. that sounds forbidding but this is 9 future. and we need to plug into it. and we need to make some choices about how to preserve human value. we talked about privacy. we talked about kmurt. there are other values. in the biological revolutio which in chapter 5 is the reinvention of life-and-death we have become the personal agents of evolution. >> we are now able -- >> raising important ethica
it change it's the global economy. it creates fantastic new opportunities. also vulnerabilities but on balances is a very positive development. it is as you have noted in the way you frame the question going to have profound implications for health care. the self-quantification movement, the use, the combination of the digital devices and the network on the one hand and the new genomic and proteomic medical advances on the her llomplely, completely revolutionize health care. it's beginning now....